Bure Equity: Interim Report January – March 2014

· Net asset value per share was SEK 36.83 at the end of the period,
compared to SEK 33.47 at year-end 2013, which is equal to an increase of
9.9 per cent.

· Bure’s net asset value amounted to SEK 2,801M (2,431).

· The Parent Company’s profit after tax was SEK 252M (240).

· The value of the listed associated companies grew by SEK 219M.

· Bure acquired 9.98 per cent of Catella AB (publ), which is listed on
NASDAQ OMX Stockholm, for SEK 48.3M.

· Earnings per share in the Parent Company amounted to SEK 3.31 (2.96).

· Total return on the Bure share was 5.8 per cent (5.4). The SIX Return
Index has risen by 5.0 per cent.

Subsequent events

· Bure’s net asset value per share was SEK 38.26 at 23 April 2014.

Comments from the CEO

Stock market development remained strong in the first quarter of the
year and the SIX Return Index was up by 5 per cent. This is more than
double the figure for S&P500 in the USA, which rose by 1.8 per cent over
the same period. In other words, the Swedish market has significantly
outperformed its American counterpart, which should tone down
expectations for the Stockholm stock exchange in a shorter perspective.
During the same period, Bure’s net asset value per share grew by 10 per
cent. All in all, Bure reports a profit after tax of SEK 252M. The
largest contributing factor was value development in the portfolio
company Micronic Mydata, which increased by 37 per cent, or SEK 171M,
during the quarter. At year-end the Group had changed an important
accounting policy. All market listed holdings will now be stated at fair
value. In the previous year, a corresponding change was implemented for
reporting in the Parent Company. The transition to this accounting
policy will result in better conformity between Bure’s profit and loss
accounts for the Group and the Parent Company, and will more clearly
reflect value development for our listed portfolio companies. In March
the portfolio company Xvivo received some very good news. At an advisory
panel meeting to discuss Xvivo’s product system with Steen Solution TM,
the panel voted unanimously that Xvivo’s products meet the requirements
for so-called HDE approval. This is a decisive step in the extremely
important process for a final market approval in the USA, which is
something the company has been working towards for more than six years.
At Bure’s board meeting in February the undersigned was appointed as CEO
after a period as acting CEO. I look very much forward to continuing to
guide and develop Bure’s operations. We will naturally carry on
”business as usual”, which means an ongoing focus on further developing
our existing portfolio companies and finding exciting new and profitable
investments.

Henrik Blomquist

CEO

The information in this interim report is subject to the disclosure
requirements of Bure Equity AB under the Swedish Securities Market Act
and/or the Swedish Financial Instruments Trading Act. This information
was publicly communicated on 24 April 2014, 2.30 p.m. CET.